GLOBAL: Tokyo-headquartered Amova Asset Management, formerly known as Nikko Asset Management, is raising its stake in Malaysia’s AHAM Asset Management from 20% to 97.7%. AHAM, together with its wholly-owned Islamic fund management arm, AIIMAN Asset Management, has over RM100 billion (US$24.67 billion) in AuM as at the 30th November 2025 and is ranked among the top three asset managers in Malaysia. Amova, tracing its origins to 1959, changed its name as of September 2025 and had over US$260 billion AuM globally as at the 30th June 2025.
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